Toyota to boost Prius output by 70%

« Previous: Mercedes to cut production in Alabama Next:GM names new North American CFO » Toyota to boost Prius output by 70% Automotive News | July 25, 2008 - 3:00 am EST TOKYO (Reuters) — Toyota aims to produce 70 percent more Prius hybrids after a planned remodeling next year, bringing annual output to at least 480,000 units, the Nikkan Kogyo industry daily reported on Friday. Toyota now builds most of the hot-selling gasoline-electric cars at its Tsutsumi factory in central Japan and another plant belonging to affiliate Toyota Auto Body. It also assembled 320 Priuses in China last year. The newspaper said Toyota would transfer production of the Wish minivan, also built in Tsutsumi along with four other models, to another factory around next April to make way for more Priuses. A Toyota spokeswoman said the company could not... [read full story]